White House: Inflation Report ‘Very, Very Positive’ and We’re ‘on the Right Trajectory’ on Inflation

[mystery-ak]

White House: Inflation Report ‘Very, Very Positive’ and We’re ‘on the Right Trajectory’ on Inflation, Even with Core Rising

Ian Hanchett 12 Apr 2023

On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the March CPI report is “very, very positive” and that we’re moving in the right direction on inflation.

Ramamurti said, “I think it’s a very, very positive report, as you highlighted just now, inflation at the headline level continues to come down, nine straight months now of declining inflation. One of the most salient prices for families, for consumers — grocery prices — actually went down over the last month. And I think if you take a step back and look at the story of the last nine months, it’s very simple. Jobs are going up, wages are going up, and inflation is coming down, and that’s exactly the kind of transition to steady and stable growth that the president said he wanted to see last year.”

Co-host Sara Eisen then asked, “It’s progress, but, inflation is still pretty high and sticky in some places. And if you look at the core, which is what the Fed is targeting, taking out food and energy, up 0.4% from the last month. It’s not nearly where it needs to be, is it?”

more
https://www.breitbart.com/clips/2023/04/12/white-house-inflation-report-very-very-positive-and-were-on-the-right-trajectory-on-inflation-even-with-core-rising/

[libertybele]

If grocery prices went down last month, I missed it. Grocery prices continue to skyrocket around here.

Gas prices are also continue to go up as well as electricity and water prices.

We have eliminated cable which helps.  I'm not buying into this inflation report from the WH.

[Kamaji]

5% annual inflation is not something to be proud of.

[DefiantMassRINO]

 

This is the longest "transitory" inflation I've ever experienced.

Biden's Global Climate Change / Green New Deal policies are making things worse than they need to be.

[berdie]

I'm just tickled pink that every thing is so darn rosy!!

Get back to me when groceries, gas and utilities fall in line. Until then, quit tellin' me it's raining while .... on my leg.

[libertybele]

This is the longest "transitory" inflation I've ever experienced.

Biden's Global Climate Change / Green New Deal policies are making things worse than they need to be.

All by design of course.

[DefiantMassRINO]

Rather than bringing down the costs of alternative energy, it's more expedient to increase the costs of traditional sources of energy.

The energy inflation is intentional to make higher cost alternative energy more competitive with traditional energy sources.

The limousine liberals and green communists don't care about the negative impact their policies have on our lives.  They think our suffering and deprivation is a small price to pay for saving Mother Gaia.

Alternative energy will be the best choice after all other options have been eliminated.

[Fishrrman]

RINO huffs:
"Alternative energy will be the best choice after all other options have been eliminated."

Of course -- once you've eliminated all other options, it will become the ONLY choice.

[Bigun]

Inflation Report ‘Very, Very Positive’

If you are chairman Xi perhaps.